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me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still have a trillions of dollars hole, and he hasn't named the deductions he would close. this is a shell game, john. whichever shell you pick up, the middle class loses. the economy will lose, and i think that this is going to catch up with him. >> schieffer: what did the president think of his performance? >> i think the president understands-- you know, the president is his harshest critic, and without getting into detail, i think you can assume he has reviewed the tape and it will inform how he handles these subsequent debates. >> schieffer: do you think he was ill prepared. some are saying it was the people who prepared him.
me has to sock it to the middle class or explode the deficit. > deficit. >> reporter: what you're saying it it is unrealistic-- >> i'm saying it's impossible, not unrealistic. >> when president obama said in 2008 i'm going to cut the deficit in half, i'm going to close guilt me, people-- gitmo, people said-- did not sigh he was not telling the truth. >> closing gitmo involved congress and he couldn't get them to do that. the math, people over $200,000, and you still...
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Oct 9, 2012
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. >> in division history only four teams have come back from a 2-0 deficit. >> let's make it five and six. >> which team do you think can do it? >> i'm a big guy. love the a's. both these teams can come up off the mat. the a's have a better shot because they're big hitters. >> they have big power. i want to thank everybody to walked in the alzheimer's walk. we raised $850,000. and you can still contribute as we continue our search to find a cure for alzheimer's. >> good work you do. >> thank you everybody who participated. that's awesome. you've been so dedicated to that cause. >> it's a good cause. >> and maybe
. >> in division history only four teams have come back from a 2-0 deficit. >> let's make it five and six. >> which team do you think can do it? >> i'm a big guy. love the a's. both these teams can come up off the mat. the a's have a better shot because they're big hitters. >> they have big power. i want to thank everybody to walked in the alzheimer's walk. we raised $850,000. and you can still contribute as we continue our search to find a cure for alzheimer's....
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Oct 7, 2012
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our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to take, in order to do that. but, the fact of the matter is, the president because he has the responsibility of office, has been specific about what he proposes and mitt romney tells us, to trust him, with his plan, it is hiding behind door number 3, with carol merrill and his undisclosed tax returns. >> you know... really, the lines are great, but, chris, the bottom line is this: his budget, tax increase on i don't believe creators, budget gimmicks, and, brings us to $25 trillion in debt over ten years. in fact, this president has
our surplus, into a huge deficit. so, in paying the deficit down, you should score the fact that we are coming out of iraq and afghanistan. and, the other thing that the president has proposed and understands, is, that we cannot cut our way to prosperity. we need a balanced approach. and, growing our economy, by doing things like the senator does, like restructuring the auto industry, in order to put people back to work, and make manufacturing jobs grow, is one of the actions that we need to...
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Oct 7, 2012
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were aligned with the tea party movement, had high ideals about changing washington, the debt and the deficit and tax reform and everything but also about campaign money. well, they realized that campaigns are very expensive. if you want to win, you've got to bring in a lot of money. >> reporter: efforts to regulate lobbying date back to 1876 when the house first required lobby i haves to register with the clerk. in the 21st century, the lobbying industry has become a revolving door for lawmakers. they retire from congress and make more money returning as lobbyists, often getting special access with their former colleagues on capitol hill. a study by the watchdog group public citizen found that 43% of the members of congress who left office between 1998 and mid 2005 went on to register as lobbyists. in 2007, thurber advised then senator obama, who championed sweeping lobby reform. >> big money and lobbyists were clearly drowning out the aspirations of the american people. >> reporter: lobbyist jake abrahm off had just gone to prison for cheating clients and bribing congress. lawmakers passed
were aligned with the tea party movement, had high ideals about changing washington, the debt and the deficit and tax reform and everything but also about campaign money. well, they realized that campaigns are very expensive. if you want to win, you've got to bring in a lot of money. >> reporter: efforts to regulate lobbying date back to 1876 when the house first required lobby i haves to register with the clerk. in the 21st century, the lobbying industry has become a revolving door for...
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Oct 8, 2012
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we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that has all the solutions but what i would recommend the next p
we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about...
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Oct 8, 2012
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no national team has ever come back from a two game deficit. the athletics are also in the same hole. top of the third inning coco crisp is tagged out. it's 21 to oakland. they missed the catch with two runs scored. the strike goes up 3 to at that point. the strike goes on to win this game five to four in the bottom of the ninth inning. the athletics return home for hopefully three games with game 3 tomorrow at 6:00 p.m.. fears ch teams--fingers. where is the sun rise over the bay, we will be back in a moment. >> the dow jones industrials dropped 37 points. concerns about slowing growth in china is weighing on the markets today. earning season kicks off after the closing bell tomorrow. we will keep our eyes on wall street but the dow is up 38 points right now. >> mistake alive look outside there's a nice chat >> mistake alive look outside there's a nice chat here [ male announcer ] citibank's app for ipad makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. st
no national team has ever come back from a two game deficit. the athletics are also in the same hole. top of the third inning coco crisp is tagged out. it's 21 to oakland. they missed the catch with two runs scored. the strike goes up 3 to at that point. the strike goes on to win this game five to four in the bottom of the ninth inning. the athletics return home for hopefully three games with game 3 tomorrow at 6:00 p.m.. fears ch teams--fingers. where is the sun rise over the bay, we will be...
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Oct 12, 2012
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we have come down from four runs, five run deficit and two- run deficit isn't enough to hold us right now. >> wins are always good. it means you get to play another day. >> reporter: all right. so dennis, if the as win they will make the legal championship series and they announce that the tarps along the first and third base side are going to come off the ones at mount davis will remain and dennis, get out your parachute pants because mc hammer is throwing out the first pitch tonight for game five. >> i'm really torn, vern. have a great time. see you out there in about a half hour. fans will have to make a choice. you watch the as game or a big debate? >> two tvs! >> picture in picture. >> thank you. >>> all right. in fact, speaking of that, let's go live to danville kentucky where the vice- presidential candidates will share the stage. less than an hour from now, this is going to be their one and only debate. cbs 5 political reporter grace lee tells us what we can expect tonight. grace. >> reporter: allen, vice president joe biden will get the first question tonight and he is also g
we have come down from four runs, five run deficit and two- run deficit isn't enough to hold us right now. >> wins are always good. it means you get to play another day. >> reporter: all right. so dennis, if the as win they will make the legal championship series and they announce that the tarps along the first and third base side are going to come off the ones at mount davis will remain and dennis, get out your parachute pants because mc hammer is throwing out the first pitch...
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Oct 9, 2012
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. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's end, including tax increases and spending cuts. >>> today attack now on the u.s. consulate in libya. one of the men responsible for the security of u.s. diplomatic in libya said he knew there were security issues there long before the deadly attack in benghazi. he's scheduled to testify tomorrow. sheryl atkinson has his story. >> reporter: lieutenant colonel andrew wood last set foot in libya in february to elite a security team with expertise in counterterrorism. from the moment he arrived, he says he saw chaos. >> shooting instances occurred. many instances involving the l
. >>> controlling the deficit is one of the key issues of campaign 2012. this week, a group of bipartisan senators is meeting in virginia to try to keep the nation from falling off the so called fiscal cliff. the group of eight senators, four republicans and four democrats, is expected to meet for three days to try and reach a deficit reduction proposal that's acceptable to congress and the president. the fiscal cliff refers to budget control measures scheduled to take effect at year's...
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Oct 12, 2012
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my-- the idea that they're so concerned about these deficits. as i pointed out, he voted to put two wars on a credit card. he did. >> we're going to the closing statements. >> just a second. >> you're going to have your closing statement. >> not raising taxes is not cutting taxes. by the way our budget. >> we have not raised taxes. >> 3% a year instead of $4.5%. >> not spend-- >> let me-- i want to talk to you very briefly before we go to closing statements about your own personal character. if you are elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who could lead this country. but what you need are people who when they say they're going to do something, they go do it. what you need are when people see problems, they offer solutions to fix those problems. we're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is about. 12 million jobs, higher take home pay, gettin
my-- the idea that they're so concerned about these deficits. as i pointed out, he voted to put two wars on a credit card. he did. >> we're going to the closing statements. >> just a second. >> you're going to have your closing statement. >> not raising taxes is not cutting taxes. by the way our budget. >> we have not raised taxes. >> 3% a year instead of $4.5%. >> not spend-- >> let me-- i want to talk to you very briefly before we go to closing...
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Oct 11, 2012
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. >> he came down from a four- run, five-run deficit. >> wins are always good. means you get to play another day. >>> like the a's, the giants staring elimination in the face for the second straight day. but today, timmy was smoking hot. not a great start for that man. he walked three in the first and then a run, to tie the game at one. but a two-run job. the giants had eleven hits, one fewer than the last three games combined. it was 3-2, giants, in the third. bruce bochy calls on tim lincecum in the bullpen. lincecum strikes out six. the giants win 8-3. they force a game 5. >> i feel like there's a momentum that we started. they raise us up, bring us together at the same time and, you know, it's not about going out there as individuals. it's going out there as giants and knowing what we gotta do. we gotta win. >>> remember, when mat latos was with the padres? >>> okay. meanwhile, in the bronx... >> did he do it again! he did! >> he tied it with a home run in the ninth. they won it in the 12th with another horne. yankees take a 2-1 series lead. we will be right
. >> he came down from a four- run, five-run deficit. >> wins are always good. means you get to play another day. >>> like the a's, the giants staring elimination in the face for the second straight day. but today, timmy was smoking hot. not a great start for that man. he walked three in the first and then a run, to tie the game at one. but a two-run job. the giants had eleven hits, one fewer than the last three games combined. it was 3-2, giants, in the third. bruce bochy...
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Oct 11, 2012
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right now, the giants are hoping to be the first national league team to rally from an 0- 2 deficit. despite the rocky start fans hope for smooth sailing. >> i wasn't going to give up on them but it wasn't anything that you were expecting just, you know, i just thought it was amazing what they did the last two days. >> reporter: there will be no tailgating outside. fans are holed up indoors some at sports bars, some at home and for those at work, well, i have to ask, are you really going to be working today at 10:00? >> i'm going to try. we have a conference room booked up for a meeting but we're going to be watching the game at work. [ laughter ] >> reporter: so you're not going to be working today? >> not for the morning at all. >> reporter: the excitement extends across the bay bridge. the oakland as have its own do or die game tonight. >> at the end of the day we're not supposed to be here. we're both down both teams but, you know, that's the resilience that we have. >> it's more about the city because, you know, we have always been put down kind of and so now we're showing every
right now, the giants are hoping to be the first national league team to rally from an 0- 2 deficit. despite the rocky start fans hope for smooth sailing. >> i wasn't going to give up on them but it wasn't anything that you were expecting just, you know, i just thought it was amazing what they did the last two days. >> reporter: there will be no tailgating outside. fans are holed up indoors some at sports bars, some at home and for those at work, well, i have to ask, are you really...
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giants win 6-4 and come back from a two game deficit to win the series. in washington the nationals keep their post-season dreams alive. a walkoff home run. nats stop the card 2-1 and force a decisive game five tonight. in the nfl the steelers go on the road to face the titans, pittsburgh up by a touchdown in the fourth quarter. tennessee ties it on a five yard touchdown catch. steelers trying to take the lead with a late field goal. and coming up short on a 54-yard. that gives the titans one more shot. titans win it 26-23. we'll talk about this. let's talk about michael vick. he's now a dog owner. he spent time in prison on dogfighting charges. he's not allowed to have a dog during probation. he said he wants his children to develop a healthy relationship with animals. this week he was questioned about whether he owned a dog after a picture showed him with an open box of dog biscuit on the table. if you look closely it's there on the table. i thought michael vick liked dog biscuits. i wouldn't have known any better. when we come back small town shocker,
giants win 6-4 and come back from a two game deficit to win the series. in washington the nationals keep their post-season dreams alive. a walkoff home run. nats stop the card 2-1 and force a decisive game five tonight. in the nfl the steelers go on the road to face the titans, pittsburgh up by a touchdown in the fourth quarter. tennessee ties it on a five yard touchdown catch. steelers trying to take the lead with a late field goal. and coming up short on a 54-yard. that gives the titans one...
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Oct 6, 2012
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apparently, this with big bird is driving the deficit in rallies are completely different events from a presidential debate. body language, now cured the my opponent has been trying to do a two-step and reposition. and he has an extreme make over. mitt romney was checked by his campaign. >> and also talk about his 47% fund-raiser that never was mentioned. >> real change takes time and it certainly cannot happen if you are going to write off one of thalf the nation before you take office. >> perhaps he lost the debate on performance. >> no question. >> he did win on the substance and the candid it. his candid it--is going to be a candidate--is campaigning and other states. >> we will be talking about a body language expert carole gomen.. and we will study their body language that will be tomorrow morning. >> based on what everybody said we could calculate what they think is coming through. still to come on kron 4 news this week and the former butler to pope benedict. he will learn his fate on stealing documents and linking them to the media up your >> this beautiful picture from mt. ta
apparently, this with big bird is driving the deficit in rallies are completely different events from a presidential debate. body language, now cured the my opponent has been trying to do a two-step and reposition. and he has an extreme make over. mitt romney was checked by his campaign. >> and also talk about his 47% fund-raiser that never was mentioned. >> real change takes time and it certainly cannot happen if you are going to write off one of thalf the nation before you take...
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the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge expansion that lasted for decades, a building of the middle class that's the envy of the world or used to be. peter, peter morici, can this feat of rebuilding the middle class and reducing the deficit, can that happen again? >> absolutely, but we have to remember that roosevelt inherited a very small government, so expanding it wasn't the rock on the back of the private sector. a more comparable situation was reag reagan's dilemma, inherited an economy with double digit inflation and interest rates and unemployment that peaked at 10.8%, not 10 as mr. obama's did, but hy he took his stimulus in
the deficit then was nearly as big and that deficit was almost erased. how did roosevelt do that? created social security and levied heavier taxes, programs for housing and agriculture, put new controls over banks, public utilities and created enormous work relief programs for the unemployed. sounds similar to the president's proposals today, but unlike the last four years fdr saw the unemployment drop, millions of jobs created, gdp jumped, the deficit shrank and the middle class saw a huge...
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Oct 10, 2012
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the new that he was driving our deficit. -- who knew that he was driving our deficit? a new obama campaign at mitt romney campaign week.ent last we have one out of six in poverty, 47 on food stamps, and the s timeent is spending hi saving big bird. i will spend my time talking jobs.saving but the latest polls show both neck-and-neck. you can watch the debate right thursday at 9:00 on abc 7. during that debate, we invite onto wjla.com and you us your instant reaction. >> of former cancer patient is out raged while trying to take a trip to paradise. hear what she said she was do at the airport. i'm barack obama, and i approve this message. "i'm not in favor of a $5 trillion tax cut. that's not my y plan." mitchell: n"the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trushim here... how
the new that he was driving our deficit. -- who knew that he was driving our deficit? a new obama campaign at mitt romney campaign week.ent last we have one out of six in poverty, 47 on food stamps, and the s timeent is spending hi saving big bird. i will spend my time talking jobs.saving but the latest polls show both neck-and-neck. you can watch the debate right thursday at 9:00 on abc 7. during that debate, we invite onto wjla.com and you us your instant reaction. >> of former cancer...
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Oct 14, 2012
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they say they do not want more deficit spending you cannot have itit all you u cannot have beenostly wars and tax cuts and g grow in tandem of programs and think at thehe end of the day it is n going to cost y you somewhere. whato businesses want most to see from the adminisistration? >> it is like watching two 300- pound man tackle each other on the football field. le pen vginia. you had thinterview w with george allen. a very strong ececonomy. republican and democratic gogovernors, aery strong economy. they want that kind of a modelel. they want the freedom to add jobs. >> peter, the other thing businesses say they want is a certain date. they want to know whether tax cu are going to expire or not. one of the reans unemploent is not doing better, you say intern about what obamacare will cost. i think businesses just want to know one way or the other how health care is goi to play out. >> the obamacare program w supposed to reduce cost. they did promise to lower premiums by $2,500 perer family and it has not happened. health care costs are frfrightening to businesses. 50% more than
they say they do not want more deficit spending you cannot have itit all you u cannot have beenostly wars and tax cuts and g grow in tandem of programs and think at thehe end of the day it is n going to cost y you somewhere. whato businesses want most to see from the adminisistration? >> it is like watching two 300- pound man tackle each other on the football field. le pen vginia. you had thinterview w with george allen. a very strong ececonomy. republican and democratic gogovernors, aery...
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i take the pledge -- i've already taken the pledge on cutting the deficit in half. i never got to say that. it's a great young group. lead or leave. college students. young people who don't want us to spend their money. i took the pledge we'd cut it out. >> thank you. we have a question here. nation's infrastructure q: yes, i would like to get a response from all three gentlemen, and the question is: what are your plans to improve the physical infrastructure of our nation, which includes the water system, the sewer system, our transportation systems, etc. thank you. >> the cities, who's going to fix the cities and how? >> be glad to take a shot at it. >> please. >> i'm not sure that -- and i can understand if you haven't seen this because there's been a lot of hue and cry -- we passed, this year, the most farthest-looking transportation bill in the history of this country, since eisenhower started the interstate highways, $150 billion for improving the infrastructure. that happened when i was president and so i'm very proud of the way that came about and i think it'
i take the pledge -- i've already taken the pledge on cutting the deficit in half. i never got to say that. it's a great young group. lead or leave. college students. young people who don't want us to spend their money. i took the pledge we'd cut it out. >> thank you. we have a question here. nation's infrastructure q: yes, i would like to get a response from all three gentlemen, and the question is: what are your plans to improve the physical infrastructure of our nation, which includes...
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that means the deficit would rise by $6.7 trillion. it's a good first step, but budget experts say that's still too high. mitt romney, meanwhile, has focused on the cuts. his economic plan, 55% of it cap spending at 20% gdp but his plan avoid cutting from defense. mitt romney says he would approve a balanced budget plan that only spends as much as it takes in, and he would also pursue entitlement reform. mitt romney's issues are taxes. romney's plan called for a 20% tax cut across the board. he said he would balance the loopholes and he said he would take care of the middle class family. but it's impossible to lower rates without taking money from low and middle income families. his plan would leave debt at 85% gdp by the end of the decade. we've been telling you also about the fiscal cliff. budget cuts will take place at the beginning of next year unless congress acts. president obama or president romney will need to worry about a rescisicessionrecession. they won't need to worry about a deficit. it would fall this year if we fell off
that means the deficit would rise by $6.7 trillion. it's a good first step, but budget experts say that's still too high. mitt romney, meanwhile, has focused on the cuts. his economic plan, 55% of it cap spending at 20% gdp but his plan avoid cutting from defense. mitt romney says he would approve a balanced budget plan that only spends as much as it takes in, and he would also pursue entitlement reform. mitt romney's issues are taxes. romney's plan called for a 20% tax cut across the board. he...
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we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to the extent possible. in figuring out which credits and deductions to eliminate, we must draw a line when it comes to protecting the middle class. we must understand that many of the expenditures in the tax code are not loopholes at all. tax preferences, things like a college education and retirement savings belong in the tax code even after reform happens. they were put in the code on purpose, to make a middle-class lifestyle accessible and sustainable for american families. tax reform recognized this in 1986. even as we cleared out
we did not seek to reduce the deficit. simpson-bowles seeks to cut the top rate and reduce the deficit but did not shield the middle class. we need a third approach that project -- prioritizes reducing the deficit and protecting the middle class and is willing to forgo a reduction in the top rate and that is what i am proposing today. what should this proposal look like? it would have three principles -- first, as in 1986, it still makes sense to reduce the number of expenditures in the code to...
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one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. win.thought romney was
one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers....
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is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that. the fact of the matter is the president because he has the responsibility of office has been specific about what he proposes and mitt romney tells us to trust him. his plan is hiding behind door number three with carroll merrill and his undisclosed tax returns. >> chris: i'm glad you practiced the line. >> the lines are great. his budget tax increase on job creators. budget gimmicks brings us to $25 trillion in debt over ten years. this president has added more are debt than any other president -- >> not true. >> he said he w
is surplus into a huge deficit. in n. paying deficit down you should score the fact we are coming out of iraq and afghanistan. the other thing that the president has proposed and that he he understands is we cannot cut our way to prosperity. we need a balanced approach and growing our economy by doing things leak the senator opposed like restructuring the auto industry in order to put people back to work and make manufacturing jobs grow is one of the actions we need to take in order to do that....
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Oct 6, 2012
10/12
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 12, 2012
10/12
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compared to a $63 billion deficit in september last year. the swing due to some accounting items mainly. the biggest, a shift in $60 billion in some government benefit payments from september to august because of some holidays and timing issues. the administration is projecting an end to trillion dollar deficits for this fiscal year, 2013. which deban october 1st. in its last budget forecast a projected deficit of 2013, of just 991 billion. ashley: four years of a budget deficit top ad trillion dollars. that is remarkable. peter barnes, thank you. liz: came down a little. ashley: come on. liz: silver lining. ashley: we'll take it. up next, a look at stories you need to keep an eye on next week. liz: plus 99 cents only stores looking to move into some pretty expensive territory. better known for luxury shops like gucci, prada, louis vuitton. will they even let them in? we'll tell you where, stay tuned. ♪ ashley: let's go off the desk. mitt romney's call to end funding to pbs continues to ruffle some feathers. did you know big bird is part o
compared to a $63 billion deficit in september last year. the swing due to some accounting items mainly. the biggest, a shift in $60 billion in some government benefit payments from september to august because of some holidays and timing issues. the administration is projecting an end to trillion dollar deficits for this fiscal year, 2013. which deban october 1st. in its last budget forecast a projected deficit of 2013, of just 991 billion. ashley: four years of a budget deficit top ad trillion...
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Oct 11, 2012
10/12
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KPIX
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so hopefully he'll have enough time to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a tightening of the contest in several of these states. can joe biden tonight stop the slide in the polls for president obama? >> well, nora, i don't think there's a slide in the polls. i think there was a bump after the debate. i think it was mostly last weekend. as you know, these polls that you conducted don't measure the days since the debate, they measure what happened from before the debate to after. so i don't think there's big momentum. there's no doubt that governor romney collected a couple of points, mostly of republican leaning independents as a result of the last debate. what i think the vice president can do is really drive home the fact that one candidate, the president, has a vision that has squarely in it the interest of the middle class and the notion that you build the economy through the middle
so hopefully he'll have enough time to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a tightening of the contest in several of these states. can joe biden tonight stop the slide in the polls for president obama? >> well, nora, i don't think there's a slide in the polls. i think...
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Oct 13, 2012
10/12
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CNNW
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finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society. he wants to do that by the end 6 his first term. right now government spending is at 25% of gdp. let's shed some more light on what romney's america would look like. kevin hassette is an economic adviser for mitt romney. stevon moore is an editorial writer for "the wall street journal." my good friend christine romans is the host of "your botto line" right here on cnn. folks, no party or ideological spin today, no using the name obama or the term democrat. pain the me a picture of what the world looks like under romney four years from
finally let's take a look at the deficit. romney is planning to cut a lot more than funding to big bird and pbs. his plans include repealing obama care, reducing foreign aide and privatizing amtrak. you may notny that's that big of a deal. i use it all the time. romney says privatizing it will save $1.3 billion. the budget is made up a lot of small things. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society....
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Oct 8, 2012
10/12
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CSPAN
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budget deficit. he can do that, he says, by capping the value of tax breaks available to the individual taxpayer. this plan would up and financial planning for millions of middle- class households. up and the financial planning? guest: there would be a dramatic change. whether that is the right way to limit tax preferences can be debated. host: tell us what his cap means. when i go to pay my taxes? guest: it does not pay 70% of taxpayers, who take the standard deduction. that is still mostly lower and middle-income taxpayers. it would affect those who deduct their charitable contributions, mortgage interest, and state and local taxes. i'm not certain how the romney campaign has labeled it. what it is to say is that there would be a cap, $17,000. during the debate here for to a $25,000 as a possible value -- there is uncertainty there. but you can claim this deduction is up to that amount. if you have deductions over that, it would be gone. for opera-income people, if you have a cap, most of the top 2
budget deficit. he can do that, he says, by capping the value of tax breaks available to the individual taxpayer. this plan would up and financial planning for millions of middle- class households. up and the financial planning? guest: there would be a dramatic change. whether that is the right way to limit tax preferences can be debated. host: tell us what his cap means. when i go to pay my taxes? guest: it does not pay 70% of taxpayers, who take the standard deduction. that is still mostly...
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Oct 7, 2012
10/12
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he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 llion ovethe next deca. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, buthere is no question the obama campaign folks, every time biden is out there, they are nervous about what he i
he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 llion ovethe next deca. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been "....
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Oct 13, 2012
10/12
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KPIX
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the 1992 race when george bush was asked a question in one of these town hall debates how does the deficit and debt affect you it tripped him up a little bit. there's that personal interaction bit which is part of politics. that can be very unpredictable. we'll see how these two candidates deal with regular people when they have to talk to them face to face. >> what are we seeing at the state level. we saw romney get a bit of a bounce at the national level but ultimately the electoral college will make the choice here in this election. >> we're seeing the same kind of tightening in the battleground state polls we've seen in the national polls but it's happening in different states in different ways. governor romney is seeing some great improvement, things are going well for him in state polls and florida and colorado but not so much in virginia. tightening in ohio but not as much as colorado and florida. so, individual states are starting to align with candidates a little bit more and we'll have to see how that plays out. . >> given that movement how critical is this debate for the preside
the 1992 race when george bush was asked a question in one of these town hall debates how does the deficit and debt affect you it tripped him up a little bit. there's that personal interaction bit which is part of politics. that can be very unpredictable. we'll see how these two candidates deal with regular people when they have to talk to them face to face. >> what are we seeing at the state level. we saw romney get a bit of a bounce at the national level but ultimately the electoral...
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Oct 10, 2012
10/12
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CSPAN
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who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut our investments in education or clean energy or research or technology. that's not a jobs plan. does not plan to grow the economy. that is not change. that is a relapse. we have been there and we have tried that. we are not going back, we are moving for. that's why i'm running for a second term as president of the united states. -- we are moving forward. [cheers and applause] we've got a different view about how to create jobs and prosperity in america. a strong economy does not trickled down from the top. it grows from a thriving
who knew he was driving our deficit? elmo is making a run for the border and oscar is hiding in a trash can. governor romney will let wall street run rampant but he will bring down the hammer on sesame street. that is not leadership. that is salesmanship. we cannot afford it,. we cannot afford to double down on top down economics. we cannot afford another round of tax cuts for the well. we cannot afford to roll back regulations on wall street banks or insurance company. we cannot afford to cut...
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Oct 13, 2012
10/12
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FBC
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turning to the deficit the numbers e in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public nice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it? >> i think it is pretty bad. 42 out of the 4 months the president has been in office he has run a deficit. i think when we're $16 trillion in debt it has an effect on the economy. even most economists say when the debt is greater than 90% of the gdp you start to see a slowing. right now our debt is over 100% of our gdp. melissa: break down why you see the slowing. i think when we talk about these numbers to the average person it sounds like monopoly money. it is such a huge number you could never break it back. if you break it down, 3500 per person. 3468 to be exact. during the time president obama
turning to the deficit the numbers e in the 2012 budget deficit is actually slightly better than expected. it was only 1.1 dollars, versus $1.1 trillion deficit. what a deal! it is a trillion dollars for every year president obama has been in office. we'll crunch the number to see what they mean for the average taxpayer. we have gretchen hamel from public nice. thanks for coming back on the program. it is a staggering number. not as horrible as it could have been. how would you characterize it?...
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Oct 14, 2012
10/12
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the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been building up for 12 years. i'll tell you exactly what i think can be done. i think we can bring it down by 50 percent in four years and grow the economy. now, i could get rid of it in four years in theory on the books now, but to do it, you'd have to raise taxes too much and cut benefits too much to people who need them. and it would even make the economy worse. mr. perot will tell you, for example, that the expert he hired to analyze his plan said that it will bring the deficit down in five years, but it will make unemployment bad for four more years. >> mr. pre
the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been...
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that is a big problem but when you come to the question what are they willing to do to cut the deficit then for the republicans it's even worse they want to slash taxes for the rich and obama and the democrats want to raise taxes for the people who can really afford to pay a little bit more ok because of your last word before we go and before we go to break a hand gentlemen. well the fact is we don't know what obama would do a second term in the first term is very constrained to a large extent by getting elected in a second term and the other one people overlook is they see obama as a standard mainstream american that they grew up in hawaii in a very different culture we don't know what barack obama really expects that is quite possible that he's a populist on the scale ok gentlemen we have to go to a short break and after that show break we'll continue our discussion on the us political system state. and. secret laboratory. to build the world's most sophisticated robots which unfortunately doesn't do anything. to teach the creation why it should care about humans and. this is why you
that is a big problem but when you come to the question what are they willing to do to cut the deficit then for the republicans it's even worse they want to slash taxes for the rich and obama and the democrats want to raise taxes for the people who can really afford to pay a little bit more ok because of your last word before we go and before we go to break a hand gentlemen. well the fact is we don't know what obama would do a second term in the first term is very constrained to a large extent...